Taken from a blog from Moosh5 Dec 2015 10:16
oday’s candidate is Proton Power Systems (TIDM: PPS)
PPS recently hit RSI oversold, so let’s catch up with the recent news. The half yearly report showed some interesting developments, including:
- Increase in manufacturing facilities
- Order for a fuel cell system into a housing block in Switzerland
- Finalisation of plans of a bus solution with an Asian bus maker
The company is well funded with the continual help of Roundstone, which holds a majority holding of over 90% of the company. I see this as a good thing since it vastly reduces the chance of a hostile takeover by people who try to build up a 10%+ holding in the company. PPS has also upgraded its website recently and it gets the thumbs up from me since it is much more informative than their previous effort and there is also available a few prices for some of their products to get an idea of what these things cost to buy. So take a look!
http://www.proton-motor.com/
Incubation time: buyers entering now must be aware that stages 3-4 of an uptrend are unlikely to appear for 10+ weeks, currently. If you are unwilling to buy and hold for at least this length of time then this is not for you.